Sure, this is true; power supply capacitors act as some sort of filter and reservoir. Your Technics hence has two big filter caps; since they're picked with quite a safety margin in terms of max. voltage, chances are extremely low that they are bad, especially as they're not even bulging or leaking, and since the sound quality appears to be just right.
The main effect of bad power supply caps is an audible hum in the signal path (120 Hz in the US and parts of e.g. Japan, 100 Hz elsewhere). Also, one *might* hear a lack of bass at higher volumes. However, the problem has to be
very severe to cause such effects; if you cannot hear anything wrong, the caps are fine.
I can tell you: people get to hear that capacitors
can go bad, especially under high temperature. Then they go to their local electronics store and find that caps are very cheap components, easy to replace (no special tools or alignment needed). Finally, they like to tinker and fall for autosuggestion; i.e., they automatically expect a sound quality improvement ("new components must be better, right? It's like in cars blabla"). As a result, they greatly exaggerate the minor probability of a cap going wrong and just stupidly replace every capacitor they can find.
Statistically, I am pretty sure that 99.5% of all caps that have ever been replaced in a blind swap marathon were still perfectly fine. In fact, if you examine caps more closely, you will find that older models were manufactured at a higher quality standard than modern ones. Very often, you'll find that e.g. a 470uF capacitor from 1980 still holds this value or even more, whereas new ones from today have only 90%, sometimes even less of the indicated capacity.
Don't get me wrong - replacing caps can be unavoidable, and as I said, caps do go wrong from time to time. However, in most of the cases, this is either because of one of three problems:
- the caps were placed right besides hot components like voltage regulators and exposed to high temperatures over many years. In this case, it makes sense to replace them with 105°C types.
- the unit was designed in a bad way and caps were installed with not enough voltage tolerances. Good example: Onkyo M-5590 power amp: the eight power supply caps are rated for 90V; the power supply rail runs at 88V. Two volts tolerance is just not enough for such huge cans!
- the caps are known to turn bad at some point. Examples: some tantalum ones, caps made by the Roederstein company, and finally, those made by Rifa. Yamaha for instance used the latter in their integrated amps, and since they do go wrong, the company offers a service free of charge to replace them for their amps from the 80s - to this date!
Edit: some words on direct coupling: especially earlier amps were not direct coupled; instead, they had a capacitor in series in between the output of the power transistors and the speakers. The reason for this cap was to block DC voltage coming from the output stage (you don't want DC to go into your speakers, or they're going to be burnt in a few seconds).
At some point in time, engineers got rid of coupling caps (caps are said to cause phase shifts and people thus don't like to have them in the signal path). For this, they had to eliminate the DC coming from the output stage. They usually do that by feeding the output stage with two voltages, one positive and one negative, and "sandwiching" the output stage right in between. Like that, you don't need an output cap anymore (as in your SU-V707), but at the same time you'd have to be very careful to align the amp properly and to choose matching pairs of transistors. Any misalignment can cause some residual DC to be output into the speakers; hence these amps urgently require a good DC speaker protection.
As I said, your amp is DC coupled. Amps since the mid 70s are usually not really problematic and quite stable (with some exceptions). However, it still can't hurt to align the unit properly. So make sure to follow the instructions carefully in the service manual (don't slip up with the voltmeter probes).